Over 10,000 enterprises established, 322,000 jobs created in first quarter

There were 23,767 enterprises established during the period with a total registered capital of VND186 trillion (US$8.37 billion), up by 24.8% of the total number of enterprises and 67.2% in registered capital over the same period last year. The number of employees creating jobs by the newly-established enterprises is expected to reach over 322,000, up 21.5% year-on-year.

Businesses resuming operations in the first quarter this year are up 84.1% over the same period last year, reaching 9,376, while 20,044 enterprises faced difficulties and were forced to suspend operations, up 23.9% year-on-year.

Small-scale enterprises with registered capital of less than VND10 billion (US$450,000) account for the most (93%) of those have completed dissolution procedures and termination of production and trading activities (a total of 2,919 enterprises, up 13.8% year-on-year).

According to the GSO, the unemployment rate has decreased over the first quarter of 2015, at 2.23%; 2.96% among labourers in urban areas and 1.87% among rural areas.

A survey on business trends of enterprises operating in the processing and manufacturing industry in the first quarter of 2016 by the GSO showed that 29.2% of them are optimistic for business operations in the first quarter of this year against the previous quarter and 43.7% of them confirmed stable business operations during the period.

In the second quarter, 53.3% of enterprises are expected to report improved business operations in comparison to the first quarter and 35.5% of them have seen more stabilised production; of these, 54.2% of them forecast to have an increased production volume and over 50% expect to have higher orders than in the first quarter.

(Source: Nhandan Online)